Reuters

The court struck down several Trump-era tariffs on Asian export giants, China, South Korea, Japan, and Taiwan, key players in tech supply chains and the global chip market

Iranian FM did not give specific timing for when Iran would deliver its counterproposal to Witkoff and Kushner but said a diplomatic deal could be achieved 'in a very short period of time'

Many firms cautioned that Trump could pursue other avenues to impose similar tariffs, reducing the benefit of lower levies, while tariff refunds are likely to be difficult to obtain

The development comes as Nvidia nears finalising a $30 billion investment in OpenAI as part of a fundraising round in which the AI startup is seeking more than $100 billion

Markets fluctuated on Friday between bets that the Fed would cut rates in June or wait until July, reflecting the complications introduced by the Supreme Court ruling

Trump administration has cautioned foreign trading partners and the business community for months that it would use alternative tools to address its trade concerns if IEEPA tariffs were struck down

Indonesian coffee, chocolate, natural rubber and spices would be tariff-free, the Jakarta government said

The president acted alone even though the US Constitution specifically gives the power to tax and impose tariffs to Congress

The court did not say how the government should refund the illegal tariffs, worth an estimated $175 billion

Shares of affected companies reacted positively, including Europe's luxury brands from LVMH to Hermes and Italian luxury outerwear group Moncler, all of which rose after the ruling

Shares of legacy automaker General Motors recouped some losses and were last down 0.1%, while Ford Motor was last up 1%

UK says its lowest reciprocal tariffs and close ties will safeguard its privileged trade position with the US after the Supreme Court strikes down Trump's sweeping tariffs

"We take note of the ruling by the US Supreme Court and are analysing it carefully," said the spokesperson

Supreme Court struck down sweeping tariffs under a law meant for national emergencies

Gross domestic product increased at a 1.4% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of fourth-quarter GDP

The Indian rupee fell to its then-record low of 91.0750 on December 16, pressured by worries over a trade stalemate with the US and persistent foreign outflows

Left behind and sold by foreigners ​through a years-long rally in everything tied to computing and AI infrastructure, India's 'anti-AI' equity market ​is starting to catch up

Domestic gold prices were trading around ₹155,000 per 10 grams on Friday, having hit a record high of ₹180,779 last month ‌before sliding to as low as ₹133,687 earlier in February

Soufflet Malt's push in emerging markets contrasts with restructuring in Europe, where it faces declining beer consumption

The improvement was supported by robust total new orders which rose at he quickest pace since November